Use the information from BE9.24, except that Julip Corporation is a private enterprise that applies ASPE. Prepare Julip’s 2020 entries to record all transactions and events related to its significant influence investment in Krov Corporation, assuming that 

(a) Krov’s shares are traded in an active market, Julip applies the FV-NI approach, and the fair value of Julip’s share of Krov Corp. at December 31, 2020, is $1,020; 

(b) Julip applies the cost method to account for its investment in Krov (the shares are not traded in an active market).